The Loan Guarantee Instrument for TEN-T Projects (LGTT) - An Evaluation Focusing on the Role of the EIB in the Implementation of the Instrument

Published by: 
European Investment Bank
Publication Date: 
November, 2014

Document Type:

The Loan Guarantee Instrument for Trans-European Networks for Transport (TEN-T) Projects (LGTT) is a new financial instrument developed and funded jointly by the EC and the EIB. It is targeted at traffic risk during the ramp-up period in TEN-T projects, whose financial viability depends on utilisation-based income. The instrument was developed in the period from 2004 to 2007, based on a market testing exercise by the EC and the Bank which suggested a need for an instrument like the LGTT. The LGTT aims at facilitating a larger participation of the private sector in the financing of TEN-T projects with a view to accelerating the implementation of projects.